Integrated Advisors Network LLC Sells 30,583 Shares of Exxon Mobil Co. (NYSE:XOM)

Integrated Advisors Network LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,889 shares of the oil and gas company's stock after selling 30,583 shares during the period. Integrated Advisors Network LLC's holdings in Exxon Mobil were worth $5,582,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $47,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $1.42 on Wednesday, hitting $102.10. The stock had a trading volume of 14,251,325 shares, compared to its average volume of 15,540,489. The stock has a market cap of $440.01 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The business's 50 day moving average is $107.77 and its two-hundred day moving average is $110.08.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.